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Last year of Shmita was 2007. Next year of Shmita begins in Sept. 2014. Fact two: Year of Jubilee happens in 50 year cycles, following the 7th year of Shmita. In Jubilee, all debts are supposed to be cancelled, all land is supposed to be returned to its original owner. Liberty is proclaimed throughout the land.
Re: How many seasons do you think Arrow will or should have? Well, the island origin is suppose to span 5 years, 5 years could equal 5 seasons... Of course they could expand on it if it's still doing well and have more stories to tell. I'd be happy with at least 5 seasons though. As long as the quality remains at the level they have reached.